The ambiance lighting market for automotive is estimated to be USD 2.29 Billion in 2016 and is projected to reach USD 5.30 Billion by 2022, at a CAGR of 14.41% from 2017 to 2022.
Seattle, WA -- (SBWIRE) -- 09/25/2017 -- The report "Ambiance Lighting Market for Automotive by Application (Footwell, Door, Dashboard, Center Console), Vehicle Segment (C, D, E, and F), EV Type (BEV, HEV, and PHEV), Aftermarket (Country and Application (Interior and Exterior)) - Global Forecast to 2022", The ambiance lighting market for automotive is estimated to grow at a CAGR of 14.41% from 2017 to 2022. It is projected to reach USD 5.30 Billion by 2022 from an estimated USD 2.71 Billion in 2017. The ambiance lighting market for automotive is driven by the increasing vehicle production, rising installation rate of ambiance lighting, and growing demand for luxury vehicles.
Browse 89 Market Data Tables and 39 Figures spread through 138 Pages and in-depth TOC on "Ambiance Lighting Market for Automotive - Global Forecast to 2022"
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"Dashboard ambiance lighting market to witness the highest growth"
The study segments the ambiance lighting market for automotive by application into the dashboard, doors, footwell, center console, and others. Of all these applications, the dashboard ambiance lighting market is estimated to grow at the highest CAGR during the forecast period. With the increasing installation of ambiance lighting and sale of premium cars, the market for dashboard ambiance lighting is expected to grow at a fast pace.
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"E segment vehicles to be the largest segment of ambiance lighting market for automotive"
The study segments the ambiance lighting market for automotive, by vehicle segment, into C segment, D segment, E segment, and F segment. E segment cars are estimated to be the largest market for ambiance lighting during the forecast period. The market growth of this vehicle segment can be attributed to the increasing production of passenger cars and increasing installation rate of ambiance lighting in the low and mid-segment cars.
"Asia Oceania to be the largest ambiance lighting market for automotive"
Asia Oceania is considered as a production hub for the automotive industry, particularly for low and mid-segment cars. The region has created several opportunities for the ambiance lighting manufacturers as well as suppliers. However, in a country like the US, there is a high demand for luxury cars that are equipped with ambiance lighting. Moreover, the increase in the purchasing power of the population has driven the demand for ambiance lighting market for automotive.
The major companies in the ambiance lighting market for automotive are profiled in the study. These include HELLA KGaA Hueck & Co. (Germany), OSRAM Licht AG (Germany), Grupo Antolin (Spain), Federal-Mogul LLC (US), Koito Manufacturing Co., Ltd. (Japan), Robert Bosch GmbH (Germany), GENERAL ELECTRIC (US), Valeo S.A. (France), and Stanley Electric Co., Ltd. (Japan).
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